Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these...

Question

Question

Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

	Countrywide cable services	Metro	Suburban	Outlying
Service Revenue	$2,350,000	$1,050,000	$850,000	$450,000
Variable expenses	$360,000	$170,000	$120,000	$70,000
Segment contribution margin	$1,990,000	$880,000	$730,000	$380,000
Controllable fixed expenses	$810,000	$380,000	$300,000	$130,000
Profit margin Controllable by segment manager	$1,180,000	$500,000	$430,000	$250,000
Fixed expenses controllable by others	$430,000	$200,000	$170,000	$60,000
Profit margin traceable to segment	$750,000	$300,000	$260,000	$190,000
Common Fixed expenses	$95,000
Income before tax	$655,000
Income tax expenses	$295,000
Net income	$360,000

Add a comment

Answer 2

Similar Homework Help Questions

Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these...

Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others Metro $1,110,000 182,000 398,000 212,000 Suburban $910,000 132,000 318,000 182,000 Outlying $510,000 82,000 148,000 72,000 In addition to the expenses listed above, the company has $125,000 of common fixed expenses. Income tax expense for the year is $325,000. Required: 1. Prepare a segmented income statement...
Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. ...

Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Metro Suburban Outlying Service revenue $ 1,030,000 $ 830,000 $ 430,000 Variable expenses 166,000 116,000 66,000 Controllable fixed expenses 374,000 294,000 124,000 Fixed expenses controllable by others 196,000 166,000 56,000 In addition to the expenses listed above, the company has $85,000 of common fixed expenses. Income-tax expense for the year is $285,000. Required: Prepare a segmented income...
Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segment...

Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others Metro $1,140,000 188,000 407,000 218,000 Suburban Outlying $940,000 $540,000 138,000 88,000 327,000157,000 188,000 78,000 In addition to the expenses listed above, the company has $140,000 of common fixed expenses. Income-tax expense for the year is $340,000. Required: 1. Prepare a segmented income statement for Countywide...

Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales re...

Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $380,000, variable expenses of $205,000, and traceable fixed expenses of $45,000. During the same month, the West business segment had sales revenues of $1,050,000, variable expenses of $536,000, and traceable fixed expenses of $201,000. The common fixed expenses totaled $310,000 and were allocated as follows: $155,000 to the East business segment and $155,000 to the West business segment. A properly constructed...
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear...

Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $ 717,000 $397,000 $125,000 $771,000 $510,000 $ 176,000 Common fixed expenses totaled $181,000 and were allocated as follows: $74,000 to the Apparel business segment and $107,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the...
Data for January for Bondi Corporation and its two major business segments, North and South, appear...

Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North Variable expenses, North Traceable fixed expenses, North Sales revenues, South $660,000 $ 383,000 $ 79,000 $ 510,000 Variable expenses, South $ 291,000 Traceable fixed expenses, South $66,000 In addition, common fixed expenses totaled $179,000 and were allocated as follows: $93,000 to the North business segment and $86,000 to the South business segment. A properly constructed segmented income statement in a...

Data for January for Bondi Corporation and its two major business segments, North and South, appear...

Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North $ 554,000 Variable expenses, North $ 321,500 Traceable fixed expenses, North $ 66,300 Sales revenues, South $ 428,000 Variable expenses, South $ 244,200 Traceable fixed expenses, South $ 55,400 In addition, common fixed expenses totaled $150,200 and were allocated as follows: $78,000 to the North business segment and $72,200 to the South business segment. A properly constructed segmented income statement...
Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format...

Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format segmented income statement as shown: Total Company North South Sales $ 812,500 $ 650,000 $ 162,500 Variable expenses 552,500 520,000 32,500 Contribution margin 260,000 130,000 130,000 Traceable fixed expenses 134,000 67,000 67,000 Segment margin 126,000 $ 63,000 $ 63,000 Common fixed expenses 54,000 Net operating income $ 72,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in...
Crossfire Company segments its business into two regions East and West. The company prepared the contribution...

Crossfire Company segments its business into two regions East and West. The company prepared the contribution format segmented income statement shown below: Sales Variable expenses Total Company $ 1,080,000 810,000 East $780,000 624,000 West $300,000 186,000 Contribution margin Traceable fixed expenses 270,000 161,000 156,000 66,000 114,000 95,000 Segment margin 109,000 $90,000 $ 19,000 Common fixed expenses 78,000 Net operating income $ 31,000 Required: 1. Compute the companywide break-even point in dollar sales. (Round intermediate calculations to two decimal places.) Answer...

Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's...

Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Total Company $ 885,000 572,300 312,700 276,000 $...

Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these...

Homework Answers